SK Hynix's Korean-listed shares experienced their largest-ever single-day drop on Monday, following the strong debut of its American depositary receipts (ADRs) on Nasdaq. The decline was attributed to profit-taking, broader earnings concerns, and a potential shift of investor capital into the newly listed US securities.
SK Hynix's Korean shares are under pressure as investors reallocate capital to its more liquid US-listed ADRs, impacting its domestic valuation.